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RTRS: NYMEX-Crude down; awaits supply data, eyes dollar
 
* Dollar steady, Wall Street seen opening lower
* French strikes waning, unions seeking talks
* Coming up: API oil data, Tuesday, 4:30 p.m. EDT
NEW YORK, Oct 26 (Reuters) - U.S. crude oil futures
declined slightly on Tuesday as the dollar steadied and Wall
Street looked set to open lower.
Oil investors, as with their counterparts in other markets,
are weighing expectations that next week's meeting of the U.S.
Federal Reserve will result in more government asset-buying to
bolster economic recovery.
Investors are worried that the market consensus for a big
burst of quantitative easing may be overdone, analysts said.
Oil markets are bracing for weekly U.S. industry and
government petroleum inventory data due later on Tuesday and
Wednesday morning, respectively.
On Monday, U.S. crude oil futures ended 1 percent higher,
gaining for a second straight session, as the dollar weakened
and equities rose, and on comments from Greece's central bank
that the worst was over for Greek banks.
FUNDAMENTALS
* On the New York Mercantile Exchange at 8:10 a.m. EDT
(1210 GMT), December crude CLZ0 was down 24 cents, or 0.29
percent, at $82.28 a barrel, trading from $81.84 to $82.69.
* U.S. crude oil stockpiles rose 1.4 million barrels last
week, a Reuters poll showed ahead of weekly inventory reports.
Distillate stocks fell 1.9 million barrels and gasoline
supplies rose 500,000 barrels, the poll showed. [EIA/S]
* Oil refinery strikes in France against an unpopular
pension reform were losing steam, with walkouts at several
plants and unions sounding keener on negotiations with
employers rather than continuing the showdown. [ID:LDE69P00O]
* Workers allowed fuel deliveries from the Ineos Lavera
refinery on Tuesday. The move put the number of refineries
still blocked in protest at the government's planned pension
reforms, at seven out of 12. [ID:nWEA4437]
MARKETS NEWS
* The dollar steadied, with investors wary of pushing it
lower due to uncertainty about what easing measures the Federal
Reserve may take next week, while UK economic growth figures
lifted sterling. [ID:nLDE69P14T]
* U.S. stock index futures dipped, a day after the market
hit a five-and-a-half-month high due partly to expectations of
further Fed stimulus. Investors were awaiting data on consumer
confidence and home prices. [.N]
* Copper prices fell as the dollar rose, retreating from a
27-month peak hit earlier in the session and tracking choppy
currency trading ahead of a key Federal Reserve meeting next
week. [ID:nLDE69P10Y]
* Gold edged lower in Europe as the dollar firmed a touch,
but held near $1,340 an ounce as investors awaited clues from
U.S. data due this week on the prospect of further monetary
easing in the United States. [ID:nLDE69P0UL]
UPCOMING DATA/EVENTS
* The Conference Board releases October consumer confidence
data at 10 a.m. EDT (1400 GMT). Economists in a Reuters survey
expect a reading of 49.2 compared with 48.5 in September.
8:13 LAST NET PCT LOW HIGH CURRENT DAY AGO
CHNG CHNG VOL VOL
CLc1 82.21 -0.31 -0.4% 81.84 82.69 26,907 256,382
CLc2 82.87 -0.34 -0.4% 82.50 83.34 5,650 48,814
LCOc1 83.39 -0.15 -0.2% 82.96 83.83 49,560 199,144
RBc1 2.0694 -0.0079 -0.4% 2.0605 2.0784 810 30,379
RBc2 2.0602 -0.0071 -0.3% 2.0501 2.0691 2,571 40,711
HOc1 2.2518 -0.0032 -0.1% 2.2407 2.2615 702 17,420
HOc2 2.2705 -0.0036 -0.2% 2.2600 2.2810 2,605 37,637
* NYMEX crude oil for December CLc1 fell 31 cents to $82.21
a barrel by 8:13 a.m. in volume of 26,907 lots.
(Reporting by Gene Ramos; Editing by Dale Hudson)
Source